Fund Accountant - Direct Lending

Cerberus • Full-time • New York, United States of America • 3w ago

Founded in 1992, Cerberus is a global leader in alternative investing with approximately $67 billion in assets across complementary credit, private equity, and real estate strategies. We invest across the capital structure where our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors. For more information about our people and platforms, visit us at www.cerberus.com.

Job Purpose:

Cerberus is seeking a Fund Accountant to support our Direct Lending business, Cerberus Business Finance, which is our largest investment platform from an assets perspective. Fund Accounting has a significant presence within the organization. You will be responsible for maintaining the books and records of several funds in accordance with GAAP within the Direct Lending Fund Accounting team. The Fund Accounting group also serves as a key liaison between several departments in the firm, including the Front Office, Operations, Financial Reporting, Technology, Tax, and Investor Relations.

Responsibilities & Deliverables:

Responsible for accuracy of monthly NAVs through month-end review of reconciliations, trading PNL and accruals
Perform quarterly preparation of several funds financial statements
Contribute to year-end audited financial statements and related footnotes of several funds financial statements
Responsible for the accuracy of fund accounting, reporting, analysis and special projects, including developing a comprehensive understanding of products traded and processes utilized
Communicate directly with third party administrators
Interact with the Front Office, Technology, Operations, Investor Relations, Legal, Tax, and Financial Reporting
Respond to various investor relations information requests
Manage and modify accounting/financial systems, procedures, and processes, as necessary

Key Requirements:

Bachelor’s degree in Accounting
3-5 years of Public Accounting (Audit – Financial Services) experience or public/private mix
CPA required
Knowledge of the accounting issues and structures associated with private equity funds (closed ended funds), including capital allocation, waterfall and management fee calculations.
Experience with fixed income products a plus (especially originated loans, bank debt and CLO structures).
Wall Street Office, Visual Portfolio Manager software experience a plus
Strong Accounting technical knowledge a plus
Team player and detail oriented
Must work well in a very dynamic and deadline-driven culture
Excellent interpersonal, written, and oral communication skills
Proficiency with Microsoft Office Products (Excel, Word) required

The base salary for this position is expected to be between $100,000.00 and $130,000.00. The base salary offered to the chosen candidate will be commensurate with a candidate’s relevant experience and other qualifications for the position, as determined by the Company in its sole discretion. In addition to base salary, this position is eligible for an annual discretionary bonus[, which is often a meaningful portion of the compensation package,] and a robust benefits package.